And now, time for something completely different…
I’ve started a small position in United Natural Foods. After due diligence, I feel that the company is an attractive investment and undervalued. It has been reducing debt the past few years, has stable revenues and average FCF per share of 2.9 USD over the past five years. Additionally, its market cap is 622 million USD with a book value of 1 billion USD. For me, it brings diversification to my tech and crypto heavy portfolio. My price target is 10-20% higher than the current share value. If/when the ticker reaches that, I will reevaluate the company to determine whether it is a longterm hold, swing trade or both. The negatives that I’ve encountered are difficulties with supply chains and some complaints about accuracy of food orders. These problems seem to be common in the space, but I’m also watching $The Chefs' Warehouse(CHEF.US$ as an alternative. I just began scaling in and will continue to do so barring a better opportunity in a ballast sector. I hold no contracts at this time, but will be assessing those as well.
As always, don’t follow blindly, do research and assess your individual goals and needs. I wish everyone the best in your investing and trading journeys! 🌞
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It’s a beautiful day!
Former scientist, enthusiastic reader and student of capital markets. LT/s-trade/options/crypto
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